A terrace lover's dream! Put your own stamp on this high floor alcove studio with private outdoor space. Immediately upon entering, you will be amazed by the beautiful light from the wall of western facing windows with city views. The long living area can fit a separate dining space. The hardwood floors have been sanded and stained a beautiful rich walnut color. The original condition kitchen provides a blank canvas to meet your ideal culinary needs. The bathroom has clean white fixtures and could easily be refreshed. The bedroom alcove could accommodate a queen size bed and you could also put a wall up to separate the sleeping area. Don't miss your opportunity to own this unique and special apartment.
400 East 85th Street prides itself on being an extremely well-run building with excellent maintenance. The coop has excellent financials, in part to owning the commercial spaces on the ground level including a garage. You have a full staff including a 24 hour doorman and live-in super. There is also bike storage, a fitness center, a meeting room and storage rooms. Pets, pied-a-terres, co-purchasers, guarantors and 75% financing is permitted. As a shareholder, you will also find the location incredibly convenient being in close proximity to the 4, 5, 6 and Q trains as well as the cross town 86th Street bus. Please note, some photos have been virtually staged.
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$570,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $456,000 | $456,000 | $456,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,111 | $3,031 | $3,910 |
Total Monthly Payment | $3,203 | $3,123 | $4,002 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.